NASDAQ:MCRI - Monarch Casino & Resort Stock Price, Forecast & News

Monarch Casino & Resort trades on the NASDAQ under the ticker symbol "MCRI."

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) issued its quarterly earnings results on Wednesday, October, 30th. The company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.59 by $0.09. The firm earned $65.59 million during the quarter, compared to analysts' expectations of $69.05 million. Monarch Casino & Resort had a return on equity of 10.44% and a net margin of 13.32%. View Monarch Casino & Resort's Earnings History.

Monarch Casino & Resort is scheduled to release their next quarterly earnings announcement on Wednesday, February 19th 2020. View Earnings Estimates for Monarch Casino & Resort.

2 equities research analysts have issued twelve-month price objectives for Monarch Casino & Resort's shares. Their forecasts range from $58.00 to $58.00. On average, they anticipate Monarch Casino & Resort's share price to reach $58.00 in the next year. This suggests a possible upside of 10.5% from the stock's current price. View Analyst Price Targets for Monarch Casino & Resort.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Monarch Casino & Resort in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Monarch Casino & Resort.

Headlines about MCRI stock have been trending extremely positive on Thursday, InfoTrie Sentiment reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Monarch Casino & Resort earned a coverage optimism score of 4.4 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Monarch Casino & Resort.

Monarch Casino & Resort saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 362,300 shares, an increase of 42.7% from the December 15th total of 253,900 shares. Based on an average trading volume of 45,200 shares, the short-interest ratio is presently 8.0 days. Currently, 3.0% of the shares of the stock are sold short. View Monarch Casino & Resort's Current Options Chain.

Some companies that are related to Monarch Casino & Resort include Las Vegas Sands (LVS), MGM Resorts International (MGM), Wynn Resorts (WYNN), Caesars Entertainment (CZR), Churchill Downs (CHDN), Boyd Gaming (BYD), Penn National Gaming (PENN), International Game Technology (IGT), Advanced Drainage Systems (WMS), Scientific Games (SGMS) and MTR Gaming Group (MNTG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Monarch Casino & Resort investors own include Hawkins (HWKN), KEMET (KEM), Micron Technology (MU), GrubHub (GRUB), IBM (IBM), United Rentals (URI), Amphastar Pharmaceuticals (AMPH), Comtech Telecomm. (CMTL), Gilead Sciences (GILD) and Overstock.com (OSTK).

Monarch Casino & Resort's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Brasada Capital Management LP (0.76%), Assenagon Asset Management S.A. (0.38%), Wedge Capital Management L L P NC (0.09%) and Nisa Investment Advisors LLC (0.01%). View Institutional Ownership Trends for Monarch Casino & Resort.

MCRI stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC. View Insider Buying and Selling for Monarch Casino & Resort.

MCRI stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Brasada Capital Management LP and Nisa Investment Advisors LLC. View Insider Buying and Selling for Monarch Casino & Resort.

Shares of MCRI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MCRI stock can currently be purchased for approximately $52.48.

Monarch Casino & Resort has a market capitalization of $948.94 million and generates $240.32 million in revenue each year. The company earns $34.10 million in net income (profit) each year or $1.83 on an earnings per share basis. Monarch Casino & Resort employs 2,200 workers across the globe.View Additional Information About Monarch Casino & Resort.

The official website for Monarch Casino & Resort is http://www.monarchcasino.com/.

Monarch Casino & Resort's mailing address is 3800 S VIRGINIA STREET, RENO NV, 89502. The company can be reached via phone at 775-335-4600.